Thursday, April 27, 2006

The long-anticipated conversion of the former Capewell Horse Nail Co. factory into condominiums may start by September, thanks to a new investor in the project: the New Boston Fund Inc., a real-estate investment fund that owns the new condominium complex at Pearl and Trumbull streets.

The project’s developer, John Reveruzzi, says he has signed a letter of intent that makes New Boston his new partner, according to the Hartford Courant.

The red-brick building, located on Charter Oak Avenue, between the Colt factory and Main Street, has been vacant for some time and vulnerable to vandalism.